FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has current assets of $628,000and current liabilities of $255,000. The board of directors declares a cash dividend of $195,000. What is the current

A company has current assets of $628,000and current liabilities of $255,000. The board of directors declares a cash dividend of $195,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Chapters 14-26

Accounting Chapters 14-26

Authors: Carl Warren

27th Edition

1337272116, 978-1337272117

More Books

Students also viewed these Accounting questions

Question

★★★★★
Do social recommendations increase ad effectiveness? A study of online video viewers compared viewers who arrived at an advertising video for a particular brand by following a social media...

Answered: 1 week ago

Question

★★★★★
Find a person working as an author of educational material, such as user manuals, videos, or software for user training. What is this persons opinion on the different methods? Which is best suited to...

Answered: 1 week ago

Question

★★★★★
1. Assign study buddies who can be available over the phone.

Answered: 1 week ago

Question

★★★★★
A sample of the 2011 MTF survey suggests that adolescents are divided in terms of their attitudes toward others trying marijuana at least once. In fact, 49.3% of the 1,202 respondents who answered...

Answered: 1 week ago

Question

★★★★★
Whispering Corporation has outstanding 1,800 $1,000 bonds, each convertible into 40 shares of $10 par value common stock. The bonds are converted on December 31, 2017, when the unamortized discount...

Answered: 1 week ago

Question

★★★★★
Hitzu Company sold a copler (that costs $5,500) for $11,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 5% of dollar sales. It records...

Answered: 1 week ago

Question

★★★★★
Melany is a behavior technician that is teaching their client how to identify various household items. If the supervising Board Certified Behavior Analyst (BCBA) wants to measure that the program is...

Answered: 1 week ago

Question

★★★★★
Economic research has identified a trend exhibited by one in six Britons of hiding cash in their homes instead of investing it. This is termed the "Biscuit Tin Economy." It is estimated that $3.5...

Answered: 1 week ago

Question

★★★★★
How does Purchasing bring value to a organization? When thinking about the sort ( reject nothing to need), set in order ( tidy up), shine ( keep workplace up ) , standardize ( make neatness a rule),...

Answered: 1 week ago

Question

★★★★★
Seven Administrative Assistants took a timed typing test. The test was timed for two minutes. Performance was based on how many words were typed during the two minutes. Alan typed more words than...

Answered: 1 week ago

Question

★★★★★
Hiring and training the restaurant staff. how you intend to acquire your staff. How and where will you advertise your jobs? Give an example of a brief job description for a position in your catering...

Answered: 1 week ago

Question

★★★★★
8. What are the costs of collecting the information?

Answered: 1 week ago

Question

★★★★★
6. How great is the time-lag between when an event occurs until we get information about it?

Answered: 1 week ago

Question

★★★★★
1. Build trust and share information with others.

Answered: 1 week ago

Previous Question Next Question